Mitsubishi UFJ Financial Group, Inc. $MUFG Shares Sold by Evolve Private Wealth LLC

Evolve Private Wealth LLC trimmed its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 69.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,991 shares of the company’s stock after selling 87,853 shares during the period. Evolve Private Wealth LLC’s holdings in Mitsubishi UFJ Financial Group were worth $645,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its position in shares of Mitsubishi UFJ Financial Group by 251.7% in the fourth quarter. Toronto Dominion Bank now owns 4,816,589 shares of the company’s stock valued at $76,391,000 after purchasing an additional 3,447,183 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Mitsubishi UFJ Financial Group by 2.2% during the 3rd quarter. Fisher Asset Management LLC now owns 91,486,499 shares of the company’s stock worth $1,458,295,000 after purchasing an additional 1,973,325 shares during the last quarter. Natixis Advisors LLC raised its position in shares of Mitsubishi UFJ Financial Group by 14.9% during the 3rd quarter. Natixis Advisors LLC now owns 13,240,940 shares of the company’s stock worth $211,061,000 after purchasing an additional 1,718,759 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Mitsubishi UFJ Financial Group by 180.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,162,410 shares of the company’s stock valued at $34,469,000 after buying an additional 1,390,497 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its stake in Mitsubishi UFJ Financial Group by 20.0% in the 4th quarter. Clearbridge Investments LLC now owns 6,730,203 shares of the company’s stock valued at $106,741,000 after buying an additional 1,121,241 shares in the last quarter. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Price Performance

Mitsubishi UFJ Financial Group stock opened at $19.82 on Thursday. The stock has a market capitalization of $235.17 billion, a P/E ratio of 14.05, a P/E/G ratio of 0.82 and a beta of 0.40. Mitsubishi UFJ Financial Group, Inc. has a 12-month low of $13.19 and a 12-month high of $21.17. The firm’s 50-day moving average is $19.00 and its two-hundred day moving average is $17.98.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings data on Saturday, May 16th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.13. Mitsubishi UFJ Financial Group had a net margin of 16.65% and a return on equity of 11.07%. The business had revenue of $15.36 billion during the quarter, compared to analyst estimates of $9.34 billion. As a group, analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 1.41 EPS for the current year.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.